Blog Posts

, Blog, Sarasota Tax Preparation & Sarasota Accounting

What Your Small Business Needs to Know About Estimated Taxes

Tags: Outsourced Bookkeeping Services, Overlooked Tax Deductions, Virtual Accounting Services, Outsourced CFO, Sarasota Tax Problems The U.S. had a record number of new business applications last year. The pandemic has changed the way people earn money,...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

COVID-19 Relief Law Boosts Temporary Tax Deductions and Credits

Embedded in the COVID-19 relief law is $900 billion for financial assistance. As you would expect in these unusual times, some of the relief is in the form of direct government financial assistance and some is from tax benefits that can impact...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Who Qualifies for First-Draw PPP Money Today?

Two things to know about the Paycheck Protection Program (PPP) first draw enacted on December 27, 2020: The first draw is for those who missed getting in on the original PPP, which expired on August , 2020. Don't think of a PPP draw as a loan. ...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

COVID-19 Relief Law Turbocharges Employee Retention Credit

Before the December 27, 2020, enactment of the new COVID-19 relief law, you may have chosen the PPP loan and given no thought to the employee retention credit. Remember, under the original law, you had to choose between the retention credit and...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

What are KPIs and Why You Should Track Them?

Tags: Sarasota Outsourced Bookkeeping Services, Sarasota Business Forecast, Sarasota Virtual Accounting Services, Sarasota Outsourced CFO, Sarasota Tax Problems Measuring business performance is essential to business success. A company needs to not only...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Proof for the Home-Office Deduction

Question. If you have an office outside your personal home—say, downtown—can you have a tax-deductible office inside your home for the same trade or business? Answer. Yes. Q. Who says that? A. The IRS. Q. Show me where they say that! In IRS...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

The Entrepreneur’s Guide to Business Forecasting

Tags: Sarasota Outsourced Bookkeeping Services, Sarasota Business Forecast, Sarasota Virtual Accounting Services, Sarasota Outsourced CFO, Sarasota Tax Problems What if your business could predict the future? It may sound pretty drastic, but a good...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

ABLE Accounts: A Great Deal for the Disabled and Their Families

Sixty-one million adults and over 12.6 million children in the United States have some type of disability. If you have a disabled or blind child or other family member, or are disabled or blind yourself, you should know about ABLE (Achieving a...

Call (941) 777-4700 to learn how Sterling Tax & Accounting can add value to your business!